Transcat, Inc., a provider of accredited calibration services, enterprise asset management services, and value-added distributor of professional grade handheld test, measurement and control instrumentation, announced it acquired substantially all of the assets of e2b Calibration, effective Sept. 27. The purchase price of this transaction was $3.15 million and was also paid in cash.
e2b Calibration, an ISO/IEC 17025 accredited calibration service provider, was founded in Cleveland, Ohio in 2003 and moved into a new state-of-the-art facility in 2021. e2b provides a broad range of calibration services across multiple industries and is a national leader in the maintenance, calibration and repair of Ground Support Equipment utilized by the aviation industry.
It also acquired Complete Calibrations, Cork, Ireland.
“Today is an exciting day for Transcat as we announce two acquisitions that we believe will contribute nicely toward our long-term strategic and financial goals. Complete Calibrations is a small, but very strategic acquisition for Transcat. First, it provides Transcat with a local calibration presence to support the robust and growing life science market in Ireland,” says Lee Rudow, President and Chief Executive Officer. “Additionally, the acquisition includes all current and future intellectual property related to the development of calibration robots. Darren has spent over 10 years developing robotics for calibrations and our vision is to leverage this promising robotics technology over time in both Ireland and North America to further enhance our automation initiatives and differentiate Transcat from our competitors by driving gains in efficiency and quality while improving turnaround times for our customers.”
“We are also excited to announce the acquisition of Cleveland, Ohio based e2b Calibration. e2b is a proven industry leader in calibration services related to the aviation industry, with particular strength in avionics. We believe that we can leverage Transcat’s current infrastructure and significant geographic footprint to further accelerate the growth in e2b’s capabilities across the U.S and Canada. In addition, there is an attractive life sciences market in the greater Cleveland area, which we are now nicely positioned to capitalize on.”
